Political contribution deductions require genuine transactions; banking records and party registration alone cannot defeat evidence of accommodation e...
Post-death GST liability permits fresh proceedings against legal representatives, while discontinued-business recovery remains limited to the inherite...
Non-confirmation of FEMA seizure prevents adjudicators from overriding pending appellate findings on recorded reasons and suspected foreign asset hold...
Revision u/s 263 - Suo moto revisional proceeding initiated - The Gauhati High Court allowed the writ petition and set aside the Show Cause Notice and the ex-parte Order issued u/s 263 for the assessment year 2017-18. The Court concluded that the initiation of proceedings was illegal, arbitrary, and without jurisdiction. The assessment order, even if erroneous, was not prejudicial to the revenue, as the discrepancy in long-term capital gains was related to exempt income. The judgment reaffirmed the necessity of both conditions being met for the exercise of revisional jurisdiction and emphasized adherence to principles of natural justice.
Revision u/s 263 - Suo moto revisional proceeding initiated - The Gauhati High Court allowed the writ petition and set aside the Show Cause Notice and the ex-parte Order issued u/s 263 for the assessment year 2017-18. The Court concluded that the initiation of proceedings was illegal, arbitrary, and without jurisdiction. The assessment order, even if erroneous, was not prejudicial to the revenue, as the discrepancy in long-term capital gains was related to exempt income. The judgment reaffirmed the necessity of both conditions being met for the exercise of revisional jurisdiction and emphasized adherence to principles of natural justice.
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TaxTMI 
TaxTMI 
